Will you qualify for a second government stimulus check?

Another round of federal stimulus checks could soon be making their way to millions of U.S. taxpayers, with Treasury Secretary Steven Mnuchin signaling on Thursday that President Donald Trump is eager to move ahead with the payments.

While the details aren't yet known, reports suggest that some Republican lawmakers could seek to limit the stimulus checks to lower-income households. Asked about another round of stimulus checks earlier this month, for instance, Senate Majority Leader Mitch McConnell noted that the people who have been hit hardest by the coronavirus pandemic are those earning less than $40,000 annually.

Limiting the checks to people who earn less than that amount, or $80,000 for married couples, would mean millions of middle-class taxpayers wouldn't qualify for the payments. An analysis of IRS data suggests that more than 60 million people, including married couples and single taxpayers, who qualified for the first round of stimulus checks could be excluded from the second round if the next bill reduces the income threshold. Altogether, the IRS has sent out more than 160 million stimulus checks, which the government calls "economic impact payments."

That cap is not certain to survive wrangling on Capitol Hill. When asked about such a limit, House Speaker Nancy Pelosi questioned it. "I don't know where the $40,000 comes from," she said in a July news conference. "The $40,000 would have to be explained, justified and the rest."



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